Even with the onset of the crypto winter, 2022 has been a breakout year for venture capital funding. Cryptocurrency and blockchain companies collectively raised $30.3 billion in venture capital in the first half of 2022, surpassing all totals from last year. While the number of deals has dropped in recent months, startups at the intersection of blockchain payments, decentralized finance (DeFi), and cybersecurity continue to attract considerable interest from the venture capital community. The latest edition of the VC Roundup highlights some of the most exciting funding deals from the past month.
ZEBEDEE closes a series B of USD 35 million
ZEBEDEE, a Bitcoin (BTC) payment processor for the gaming industry, has raised $35 million from various investors including Kingsway Capital, The Raine Group and Square Enix. ZEBEDEE is essentially a platform that allows game developers to incorporate programmable money, including BTC, into their games. The payment platform is powered by the Lightning Network, making ZEBEDEE a “Bitcoin enabler of choice” for its partners, according to Kingsway Capital managing partner Afonso Campos.
So, we all know that the Lightning Network transfers value instantly and is ever growing with more than 4K Bitcoin stored on its public channels. But how does it make money?
You asked our Development Team and here’s their response pic.twitter.com/f3ZMpEFjhW
— ZEBEDEE (@zebedeeio) July 21, 2022
So we all know that the Lightning Network transfers value instantly and is constantly growing with over 4,000 Bitcoin stored on its public channels. But how do you make money?
You asked our development team and here is their answer
Blockchain Security Firm Raises $90 Million in Funding Round
Blockchain security firm Halborn closed a $90 million funding round in July that was led by Summit Partners with additional participation from Castle Island Ventures, Digital Currency Group, and Brevan Howard, among others. Halborn was founded in 2019 by ethical hackers offering blockchain security services. The company recently warned MetaMask users to beware of a phishing campaign targeting their browser wallets.
DeFi Platform Hashflow Raises $25 Million in Series A Funding
Hashflow, a San Francisco-based decentralized finance trading platform, has closed a $25 million funding round backed by some of crypto’s most prominent venture funds.. The investment round, which saw the participation of Jump Crypto, Electric Capital, Dragonfly Capital Partners, and GSR, will help Hashflow expand its product offering for market markers and institutional traders.
See the biggest deals and more VC data from Q1, courtesy of @CointelegraphCS.
— Cointelegraph (@Cointelegraph) June 3, 2022
Socios acquires 24.5% of Barça Studios
Fan staking token platform Socios announced in early August that it would invest $100 million in Barça Studios, the digital content arm of soccer club FC Barcelona. Socios, which is owned by blockchain technology provider Chiliz, will help FC Barcelona accelerate its Web3 and non-fungible token (NFT) engagement strategy. Specifically, Barca Studios is carrying out NFT and metaverse projects that will help the football club engage with its vast global fan base, and will rely on the Socios blockchain to carry out the strategy.
EtherMail gets seed funding for wallet-to-wallet communications
Email solution Web3 EtherMail has raised $3 million ahead of the planned launch of its encrypted wallet-to-wallet communication service. EtherMail, scheduled to launch in the third quarter, enables Web3 companies to send “rich, relevant content directly to their asset holders,” thereby reducing the risk of communications fraud. The service also streamlines the distribution of community newsletters by enabling autonomous and self-updating mailing lists. The seed funding round was led by Fabric Ventures and Greenfield One.
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